WAGE---$ 17.00-an hour---------ANUALLY---28,285.28
APARTMENT VALUE 17.34hrs/pay period towards an apartment value of $934/month----ANUALLY---$11,208----TOTAL-------$39,493.28.
My question is: first of all, I get, 17X40= $2,720-not 28,285.28, above. ALSO, I am trying to break down THE WAGE MINUS THE $ 11, 208, ANUALLY.
I know it says 7.34 hrs pay period towards an apartment vaule of, $934.
Can you please help me break these numbers down so that I can arrive at how these numbers were figured out, please???
I really appreciate your help. Thank you
So much missing information!
"WAGE---$ 17.00-an hour---------ANUALLY---28,285.28"
--- how many hours a week, how many working weeks in a year?
"APARTMENT VALUE 17.34hrs/pay period towards an apartment value of $934/month----ANUALLY---$11,208----TOTAL-------$39,493.28. "
--- What does all that mean?
Sorry, working 40 hrs per week--52 weeks a year.
In other words, I think what they're trying to say is, (for each pay period, 17.34 hours (at $17 ph) will go towards the rent of $934
It's actually a job offer, but i don't undertand the brakedown. Thank you so much!!
40 hrs a week at $17.00 for 52 weeks
= $35,360
Where does the $28,285.28 come from?
No idea what the rest of the stuff is supposed to mean.
THEY'RE SAYING-WAGE, $17 PER HOUR EQUALS= Anually> $28,285.28
Let's break down the numbers to understand how they were calculated:
1. Hourly Wage:
You mentioned that your wage is $17.00 per hour. To find the annual salary, you need to consider the total number of hours worked in a year. Assuming a standard 40-hour workweek and 52 weeks in a year, you can calculate the annual wage as follows:
$17.00/hour * 40 hours/week * 52 weeks/year = $35,360/year
2. Apartment Value:
According to your information, $17.34 is deducted from each pay period towards an apartment value of $934 per month. To find the annual deduction, you need to know how many pay periods there are in a year. Let's assume there are 26 pay periods per year (bi-weekly payments):
$17.34/hour * 26 pay periods/year = $451.84/year
Now, we can calculate the total annual deduction for the apartment value:
$451.84/year * 12 months = $5,421.12/year
3. Net Annual Income:
To find the net annual income after deducting the apartment value from your annual wage:
Annual Wage - Annual Apartment Deduction = $35,360/year - $5,421.12/year = $29,938.88/year
It seems there might have been a mistake in the original calculation you mentioned. The correct net annual income should be $29,938.88 rather than $28,285.28.